Commodities Rebound Strongly on Irish Bailout. Outlook Mixed

Commodities rebounded strongly in European session as dollar's retreat raised demand for risky assets. Currently trading at 81.8, the front-month contract for WTI crude oil price rose for the first time in 5 days. Price had surged to 88.63 on November 11 before slumping to 1-month low of 80.6 yesterday. Similarly, gold also jumped to as high as 1358.2 after being pressured over the past 4 days.

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Commodities Rebound Strongly on Irish Bailout. Outlook Mixed